India to launch tender process by October to purchase 6 submarines at a cost of Rs 55,000 crore | India News

NEW DELHI: India is ready to launch the tender process by next month for a mega project of Rs 55,000 crore to build six conventional submarines for the Indian Navy to reduce the gap with China’s growing naval prowess, government sources said on Sunday.
The submarines will be built in India under the much-talked-about strategic partnership model, which allows domestic companies to partner with major foreign defense majors to produce high-end military platforms in the country. and reduce dependence on imports.
The sources said preparatory work such as submarine specifications and other critical requirements for issuing the RFP (Request for Proposal) for the mega project, named P-75 I, was completed by separate teams from the Ministry of Defense and Indian Navy. .
The tender will be published by October, they added.
The Defense Ministry has already selected two Indian shipyards and five foreign defense majors for the project, billed as one of the largest “Make in India” companies.
The shortlisted Indian entities were L&T Group and the state-owned Mazagaon Docks Ltd (MDL), while the selected foreign entities included ThyssenKrupp Marine Systems (Germany), Navantia (Spain) and Naval Group (France).
As a first step, the Ministry of Defense will issue calls for tenders to MDL and L&T and the two companies will have to submit their detailed offers after receipt of the document. Subsequently, L&T and MDL will have to select a foreign partner from among the five shortlisted entities, the sources said.
The Indian Navy plans to acquire 24 new submarines, including six nuclear attack submarines, to strengthen its underwater combat capability. It currently has 15 conventional submarines and two nuclear submarines.
The Navy has focused on significantly strengthening its overall capabilities in light of China’s increasing efforts to increase its military presence in the Indian Ocean region.
The Indian Ocean, considered the backyard of the Indian navy, is essential to the country’s strategic interests.
According to global naval analysts, the Chinese Navy currently has more than 50 submarines and around 350 ships. The total number of ships and submarines is expected to exceed 500 in the next 8-10 years.
The Indian Navy is also in the process of procuring 57 carrier-borne fighter jets, 111 naval utility helicopters (NUH) and 123 multi-purpose helicopters under the strategic partnership model.
The policy envisions establishing long-term strategic partnerships with Indian defense majors through a transparent and competitive process in which they would partner with global Original Equipment Manufacturers (OEMs) to seek technology transfers.
Initially, strategic partners will be selected from four segments – combat aircraft, helicopters, submarines and armored combat vehicles / main battle tanks. It should be extended to other segments.
In recent months, the government has unveiled a series of measures and reform initiatives to make India a hub for defense manufacturing.
On August 9, Defense Minister Rajnath Singh announced that India would stop importing 101 weapons and military platforms such as transport planes, light combat helicopters, conventional submarines, missiles of cruise and sonar systems by 2024.
In May, the government announced the increase in the FDI limit from 49 percent to 74 percent under the automatic channel in the defense sector.
India is one of the world’s largest importers of weapons. The Indian armed forces are estimated to spend around $ 130 billion on capital acquisitions over the next five years.
The government now wants to reduce its dependence on imported military platforms and has decided to support domestic defense manufacturing.
The Defense Ministry set a revenue target of $ 25 billion (Rs 1.75 lakh crore) in defense manufacturing over the next five years, which included an export target of 5 billion dollars (Rs 35,000 crore) of military equipment.
To look at India to launch tender process by October for purchase of 6 submarines

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